First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Increases Dividend to $0.10 Per Share

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be paid a dividend of 0.0989 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 238.7% increase from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF stock traded up $0.04 during midday trading on Thursday, hitting $36.74. 7,766 shares of the company traded hands, compared to its average volume of 10,526. The firm’s fifty day moving average price is $36.36 and its 200-day moving average price is $35.91. The stock has a market cap of $73.48 million, a price-to-earnings ratio of 24.91 and a beta of 0.76. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 12 month low of $33.60 and a 12 month high of $37.50.

About First Trust Dorsey Wright Momentum & Low Volatility ETF

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility. DVOL was launched on Sep 5, 2018 and is managed by First Trust.